As tensions escalate in the Strait of Hormuz, US and Iran both fire at ships

Tensions between the US and Iran have escalated with exchanges of fire in the Strait of Hormuz. Seafarers are stranded as the waterway remains closed due to security concerns, and a potential collapse of the US-Iran ceasefire agreement could trigger a global jet fuel crisis. President Trump has stated the blockade will remain in place until a deal is reached.